Funding

PolicyGenius Raises $15M in Series B

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What does PolicyGenius do?

PolicyGenius, is an insurance help without any insurance agent. The company was founded by 2 ex McKinsey consultants who noticed a gap in the insurance industry and dedicated their time in taking the industry industry online and into the consumer’s hands. The company’s trademark Checkup, is highly customized Insurance, which the users can identify their courage gaps and review solutions for their needs exactly. This platform is a provider of online place where users can shop for long term disability, life, pet and renters insurance through its very high accuracy quoting engines which offer side by side comparisons of customized policies.

How much PolicyGenius was funded?

PolicyGenius raised$15M in Series B on January 14, 2016 from MassMutual Ventures, AXA Strategic Ventures, Karlin Ventures, Transamerica Ventures, Susa Ventures and Revolution Ventures.

Previous funding

  • $750k Seed funding announced on July 21, 2014 which was closed on March 1, 2014 from the investors Brendan Wallace, Pen King and Paul Arnold
  • $5.3M in Series A on June 15, 2015 from MassMutual Ventures, Susa Ventures, Karlin Ventures, AXA Strategic Ventures,Transamerica Ventures and Switch VC

What is next for PolicyGenius?

PolicyGenius has raised a total of $21.05M in 3 Rounds. With the latest Series B funding the company plans to expand its product lines and accelerating its growth in the U.S. insurance market, which is the world’s largest with more than $1 trillion of net premiums which are annually written. The company will be hiring across the country, with positions in marketing, operations, engineering, editorial, design, while continuing building out its new, innovative tech solutions.

More about PolicyGenius

The company was founded in July, 2014 by Francois de Lame and Jennifer Fitzgerald. It has its headquarters in Brooklyn, NY. The company is bringing transparency to the industry of insurance and is helping the customers in making the right decisions for their needs.

 

 

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